Why Does Carl Icahn Keep Taking Aim at Apple?

The transcript discusses Carl Icahn's influence on major companies like eBay and Apple, highlighting his ability to persuade management to adopt his strategies. It reviews his track record, including successes with AOL, and examines Apple's financial strategy, particularly its large cash reserves. The conversation also touches on tax implications and the challenges of repatriating offshore cash, suggesting potential advice for the Obama administration.

What was Carl Icahn's strategy with eBay?

• He advised them to split up.

• He proposed a merger with Apple.

• He suggested they acquire more companies.

• He recommended they increase their cash reserves.

How did Carl Icahn benefit from his investment in Apple?

• He lost 20% of his investment.

• He doubled his investment.

• He gained 50% on his initial investment.

• He broke even on his investment.

What is a notable characteristic of Carl Icahn's approach?

• He prefers to work behind the scenes.

• He avoids public attention.

• He is known for his patience and silence.

• He is not afraid to make waves and speak his mind.

What challenge does Apple face with its cash reserves?

• They have too little cash to invest.

• They face difficulties in repatriating cash to the US.

• They are required to donate a portion to charity.

• They must invest all cash in new technologies.

What potential advice might Carl Icahn have for the Obama administration?

• How to improve public education.

• How to reduce government spending.

• How to manage offshore cash reserves.

• How to increase corporate taxes.